Nirmal Bang Vs GCL Securities (Compare Nirmal Bang and GCL Securities)


Nirmal Bang
Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kishore Bang. Nirmal Bang offers trading services in equities, derivatives, commodities and currency. Stock trading is offered to retail clients through multiple channels including online trading in the BSE and the NSE. In addition to those services, the... Know more about Nirmal Bang Securities Pvt Ltd


GCL Securities
Incorporated in 2004, GCL is a Jaipur, Rajasthan based financial service provider. GCL is a full-service stock broker popular for its commodity trading services in Northern India. GCL offers a range of financial services including online trading and investment in Equity, Derivatives, Currency, Commodities and Mutual Funds. GCL also offers wealth management and Portfolio management services. The company has a depository membership with CDSL and is a member of NSE, BSE, MCX and NCDEX. GCL offer... Know more about GCL Securities Pvt Ltd

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Nirmal Bang Vs GCL Securities

Incorporated in 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India. Incorporated in 2004, GCL Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 7 branches across India.

  Nirmal Bang GCL Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NMCE BSE, NSE, MCX, NCDEX
Year of Incorporation 1986 2004
Number of Branches 2000 7
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Nirmal Bang Vs GCL Securities Charges & AMC

Nirmal Bang trading account opening charges is Rs 0 while GCL Securities account opening changes is Rs 0 (Free). Nirmal Bang Demat Account AMC Charges is Rs 200 and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

  Nirmal Bang GCL Securities
Trading Account Opening Charges Rs 0 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 Rs 0 (Free)
Demat Account AMC Charges Rs 200 Rs 300 per year or Lifetime free AMC for Rs 1250
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Nirmal Bang Vs GCL Securities Brokerage Charges & Plans

Nirmal Bang Vs GCL Securities Brokerage

Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02% whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

  Nirmal Bang GCL Securities
Account Type Basic Plan Premium Plan
Fixed Charges NA NA
Equity Delivery 0.2% 0.20%
Equity Intraday 0.02% 0.02%
Equity Futures 0.02% 0.02%
Equity Options Rs 35 Rs 25 per lot
Currency Futures 0.02% 0.01%
Currency Options Rs 20 Rs 15 per lot
Commodity Futures 0.01% 0.01%
Commodity Options Rs 50 per lot
Special Offer
Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

Nirmal Bang Vs GCL Securities Brokerage Plan 2

  Nirmal Bang GCL Securities
Account Type Basic Plan Discount Plan
Fixed Charges NA NA
Equity Delivery 0.2% Rs 25 per lot
Equity Intraday 0.02% Rs 25 per lot
Equity Futures 0.02% Rs 25 per lot
Equity Options Rs 35 Rs 25 per lot
Currency Futures 0.02% Rs 25 per lot
Currency Options Rs 20 Rs 25 per lot
Commodity Futures 0.01% Rs 25 per lot
Commodity Options Rs 25 per lot

Nirmal Bang Charges Vs GCL Securities

Minimum Brokerage Rs 10 per contract
Other Charges
Call & Trade Charges Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan
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Nirmal Bang Vs GCL Securities Transaction Charges

Nirmal Bang transaction charges for options is Rs 5700 while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Nirmal Bang GCL Securities
Equity Delivery Rs 390 NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Intraday Rs 390 NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Futures Rs 240 NSE Rs 190 per crore (0.0019%)
Equity Options Rs 5700 NSE Rs 5000 per crore (0.05%)
Currency Futures Rs 240 NSE Rs 110 per crore (0.0011%)
Currency Options Rs 5700 NSE Rs 110 per crore (0.0011%)
Commodity Rs 250 MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)
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Nirmal Bang Vs GCL Securities Leverage (Margin)

Nirmal Bang margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the GCL Securities margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Nirmal Bang GCL Securities
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Nirmal Bang and GCL Securities Features

The trading platforms offered Nirmal Bang include Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  Nirmal Bang GCL Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time 3:15 3:10 PM
Other Features
Referral Program
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Nirmal Bang Vs GCL Securities Review

Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 19 customer reviews.

  Nirmal Bang GCL Securities
  19 Customer Reviews    Rate Nirmal Bang 19 Customer Reviews    Rate GCL Securities
Fees 3.6 4.7
Brokerage 3.5 4.6
Trading Platform 2.6 4.1
Customer Service 2.3 4.3
Research Capabilities 3.0 4.5
Overall Ratings Rated 2.6 stars Rated 4.7 stars
Broker Rating Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews GCL Securities is rated 4.7 of 5 based on 19 customer reviews
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Contact Broker / Request A Call Back

  Nirmal Bang Enquire GCL Securities Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.
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Nirmal Bang Vs GCL Securities Investment Options

  Nirmal Bang GCL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options
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Nirmal Bang Vs GCL Securities Order Type Offered

  Nirmal Bang GCL Securities
Bracket Order No No
Cover Order No No
Buy Today Sell Tomorrow (BTST) No No
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
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Nirmal Bang Vs GCL Securities Research Report

  Nirmal Bang GCL Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Nirmal Bang Vs GCL Securities Suitable For Investor Type

  Nirmal Bang GCL Securities
Casual Investor Yes Yes
Active Investor Yes
Trader
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Nirmal Bang Vs GCL Securities - Pros and Cons

  Nirmal Bang GCL Securities
Pros
  1. Low bandwidth option for anywhere access
  2. Free research report subscription
  3. 24X7 access to back-office
  4. Instant Fund transfer
  5. Multiple market watch facility with streaming quotes (Live Market Rates*)
  6. Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis
  • Vast experience in commodity trading.
  • Attractive exposure limits across asset classes.
  • Physical delivery assistance in NCDEX commodities.
  • Zero account opening fee.
  • Brokerage free trading for the first month.
  • Lifetime free AMC Demat account at Rs 1250.
  • Offer both full-service and online discount brokerage plans.
  • Instant and paperless online account opening.
  • Trading platforms based on simple and powerful ODIN.
  • Loan against shares available.
  • Provide free research calls.
  • Online IPO application services.
  • Dedicated Relationship Manager in the Premium plan.
  • WhatsApp Service Support.
Cons
  1. Nirmal Bang doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  4. Instant Fund withdrawal is not available
  5. Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.
  • 3-in-1 account service not available
  • In-house Trading terminal not available.
  • Do not provide NRI trading.
  • High Call and Trade charges of Rs 100 in Discount plan.
Reviews

GCL Securities Private Limited, commonly known as GCL Securities or GCL Broking, is a Rajasthan based full-service broker incorporated in 2004 offering online and offline trading, investment, and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, Fixed Income, and IPO.

The company offers free 2-in-1 account opening services with an option of traditional and discount brokerage plans to its customers. GCL Securities is a member of NSE, BSE, MCX, and NCDEX and has a depository membership with CDSL.

The company offers ODIN based trading platforms to its customers via the mobile app - GCL On Time, web - GCL Prob Web, and as an installable trading terminal ODIN Diet.

GCL is well known for its commodity trading and research services and offers investors hedging solutions and assistance in the physical delivery and procurement of commodities.

Promo / Offers

Free Trading & Demat Account (for limited time only)

Get FREE Trading + Demat Account (Zero account opening charges). You can also avail of attractive trading plans that suit your needs. Thereby saving up to 70% on brokerage.

This is a limited time offer. Simply leave your contact information with us and GCL Securities representatives will contact you.

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Nirmal Bang GCL Securities
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